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We compare rates from Canada's top providers, including:

Car insurance in Markham.

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Shopping around for the best car insurance rates is a great way to reduce your living expenses in Markham.

A licensed broker will help you customize your policy so that you’re only paying for the coverages you need, nothing more.

There are ways to save on car insurance that many drivers overlook, or, don’t realize are easily available.

For example, you may be able to reduce your rate significantly by securing four easily available discounts: purchasing winter tires, bundling your policies, enrolling in a telematics program and using private parking.

While our free, online quote tool will reflect how much you can save with these discounts, when you speak with a licensed broker, you’re likely to find even more ways to reduce your costs.

 
 
 

How does it work?

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Types of car insurance.

Buying automobile insurance is easier when you have a sense of the different types of coverage that are available.

Some are required; some are optional.

Before you look for the best car insurance rates in Markham, it’s important to understand what you need, what you may want to add and what you can do without.

Available coverage includes:

Accident benefits

Covers your medical bills in the event of an injury as well as income replacement if you can’t work. In Ontario, all drivers must have accident benefits coverage.

All perils

Combining Collision and Comprehensive, this benefit covers collision damage, theft and damage caused by events other than a collision.

Collision or Upset

Covers damage to your car in the event of a collision with another vehicle or another object or if it rolls over.

Comprehensive

Covers damage caused by events other than a collision. This includes vandalism, theft, extreme weather, falling objects and fire.

Direct compensation-property damage coverage (DCPD)

Covers damage to your car and contents due to a collision that isn’t your fault. It’s required in Ontario.

Loss of use

Covers the cost of renting a similar vehicle while damage to your car caused by a collision is being repaired.

Replacement cost

Covers the full value of the car if it has been stolen or damaged beyond repair.

Specified perils

Covers damage caused by a variety of events, including fire, theft, lightning or hail storms, rising water, earthquakes and riots.

Third-party liability

Protects you if your car kills or injures someone. This also covers property damage. In Ontario, all drivers must have at least $200,000 in third-party liability coverage. Many drivers choose to buy much more than that, often $1 million or $2 million.

Uninsured automobile coverage

Protects you if you’re injured or killed by an uninsured motorist or a hit-and-run driver. It’s required in Ontario.

 
 

Why use DirectRate.ca?

We’ll find you the best car insurance in Markham at the lowest rate.

It’s fast and easy and will save you a significant amount of money each year.

We'll confirm which car insurance provider has the best coverage for you and we’ll help you secure it.

 
 
 
 

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Frequently Asked Questions about car insurance in Markham, Ontario.

Do I really need car insurance?

Yes, you do. It's illegal to drive a car in Canada without insurance and the penalties are hefty.

In Ontario, you can be fined as much as $50,000 for driving without insurance, plus you may have your licence suspended and your car impounded.

And, of course, driving without insurance means you aren’t protected in the event you injure or kill someone else or damage property.

In addition, if you’re convicted of driving without insurance, you will find it more expensive to get vehicle insurance in the future, if you can get it all.

How do I know what car insurance coverage to get?

Each province and territory has slightly different rules regarding what insurance you need and where to get it.

For example, in Ontario, vehicle insurance is provided by private companies and all drivers must have four types of coverage: third-party liability, accident benefits, direct compensation-property damage coverage and uninsured automobile coverage.

Many drivers want more than the bare minimum of auto insurance. They can choose from a variety of other types of coverage. These include, but aren’t limited to:

All perils

Collision and Upset

Comprehensive

Loss of use

Replacement cost

Specified perils

What is no-fault insurance?

Ontario uses a system of no-fault auto insurance. It simplifies the process when drivers have to make accident claims.

It was originally designed to help drivers more quickly receive any payment they were due following a collision.

The system means that if you’re involved in a collision, your insurance company will handle your claim no matter who's at fault.

Is it safe to buy car insurance online?

Buying car insurance online isn’t just safe, it’s popular.

Many drivers find it’s the best way to get the most attractive rates on automobile insurance in Markham.

Use our free, online quote tool to discover rates from the 10+ leading insurance companies in Canada.

Next, connect with a licensed broker to find out if you qualify for additional savings.

We’ll review your applications and highlight a range of discounts you may be eligible for.

Most drivers can save hundreds of dollars with four easy-to-access discounts: using winter tires, bundling their policies, enrolling in a telematics program and parking in a garage rather than on the street.

Depending on the details of your profile, you may be able to secure other discounts as well.

Give us a call to start saving today: 1-855-754-0350.

How much does car insurance cost?

The cost of your car insurance is affected by a range of variables. Coverage type and the amount you buy are two key factors.

In Ontario, for example, your coverage must include at least $200,000 in third-party liability.

Many drivers decide that’s not enough protection and purchase $1 million or $2 million in liability coverage.

In Ontario, you must also have accident benefits coverage, direct compensation-property damage (DCPD) coverage and uninsured automobile coverage.

Additional protection, including collision, comprehensive or all perils coverage, will add to the cost.

We recommend that you use our free, online tool to get the cheapest car insurance quotes in Markham.

Next, work with a licensed broker to figure out how you customize your policy and reduce your rate further.

It’s wise to compare rates and to do so often – at least once a year.

Why does the cost of car insurance vary so much?

There’s more to the cost of car insurance than just the coverage you choose.

For instance, where you live also plays a role in the cost. In fact, rates can vary not just by city, but by neighbourhood. It depends on the number of claims in the city or neighbourhood.

Another factor is how much you drive and where. If you commute into Toronto every day, for example, you’ll pay more for auto insurance in Markham than if you mostly use your car around Markham.

Other variables include:

Average annual mileage.

Claims history.

Driving record.

Gender.

How old you are.

How long you’ve been driving.

Make and model of car you drive.

Marital status.

Number of drivers in your household.

With all these factors at play, rates can and do differ widely. So, it is well worth it to do some comparison shopping to find the cheapest automobile rates in Markham.

Working one-on-one with a licensed broker is also likely to lead to savings.

At DirectRate.ca, we’ll customize your policy so that you’re only getting the coverage you need, nothing more.

Start with a no-obligation quote and then connect with a broker: 1-888-754-0350.

How can I save money when buying car insurance?

The first step to saving money on car insurance is to understand what coverage is mandatory.

Then, you can determine how much of it you need.

In Ontario, the province mandates that all drivers have at least four types of coverage, but the driver has to decide whether to get the minimum amount or something more.

For instance, all Ontario drivers must have at least $200,000 in third-party liability coverage. But, many people want at least $1 million or even $2 million in coverage for better protection.

Be aware that if you’re leasing your vehicle or financing with a car loan, your insurer may require you to buy more than the provincial minimums.

Next, decide how much of the optional coverage you want.

You will probably want at least some collision insurance if you have a relatively new car, for example, but you may not if your car is several years old.

And if you think you could get by without a vehicle while it's being repaired following a collision, you might want to skip the loss of use coverage.

A licensed broker can easily advise you on the pros and cons of each coverage and how each relates to your situation.

Once you know what you need and what you want, you’ll be well-positioned to secure the cheapest car insurance in Markham.

What can I do to lower the cost of my car insurance?

There are some things you can do to reduce your insurance costs.

These include:

Bundle your car insurance with other policies, including your house insurance.

Buy and use snow tires.

Buy the coverage you really need and skip the rest. For example, can you get to work on the bus if your car is in the shop? Then you may not need loss of use coverage.

Drive safely and maintain a clean driving record. Collisions infractions will mean higher premiums.

If you’re buying a new car, choose a make and model with higher safety ratings and lower theft ratings.

Increase your deductible.

Install and use a car alarm.

Pay your premiums on time.

Take a defensive driving course.

Will my car insurance cost less if I increase the deductible?

The deductible is the amount you will pay in the event of a claim.

Let’s say a collision leaves you with $3,000 damage to your car and your deductible is $500. Then you will pay $500 for the cost of the repairs and your insurer will pay $2,500.

You can lower your annual rates by increasing your deductible. But, make sure you can afford it.

Will I pay more as a new driver?

Young drivers, such as those who’ve just got their licence as well as recent immigrants can expect to pay more for vehicle insurance.

Insurance providers tend to charge them more because of a perceived risk that they’re more likely to be involved in a collision.

With a good driving record, you will soon pay less.

In the meantime, you can save by shopping around for the best auto insurance rates in Markham.

How can I lower the insurance rate on my exotic car?

If you’re lucky enough to own a specialty car, you probably don’t feel quite so lucky when it comes time to renew your auto insurance.

High performance sports cars and other exotics can be expensive to insure, in part because they don’t lose their value over time the way regular automobiles do.

They’re also more vulnerable to vandals and thieves and more expensive to repair.

But if you own an exotic car there are some things you can do to lower the cost of your vehicle insurance in Markham.

They include:

Agree to only use it during special occasions such as parades, and/or, during the summer.

Reduce how much you drive it. Many insurance providers require that exotic cars have an annual mileage limit.

Store it privately, such as in a customized garage.

And once you’ve done some initial research online, get on the phone with a licensed broker to customize your policy.

Give us a call to start saving today: 1-888-754-0350.